There is a common and dangerous misconception that IP rights merely serve as a way for big companies in wealthy countries to acquire more wealth. This is one of the key drivers behind the movement to expand the TRIPS waiver.During this episode, the Senior Vice President of the US Chamber of Commerce's Global Innovation Policy Center (GIPC), Patrick Kilbride, explains why the TRIPS Agreement came into being in the first place, why the current TRIPS waiver is unnecessary, and why the proposed expansion will be harmful to the innovation industry.At this crucial juncture, it is vital that more people begin to understand that IP rights are opportunities, not costs and that it is in everybody’s best interests to protect them. In This Episode:[00:37] The harm that will be caused by the proposed extension of the current TRIPS waiver.[03:00] Patrick explains the intention behind the creation of the TRIPS Agreement. [04:03] Why the TRIPS Agreement has been contested since it came into being. [05:42] Factors contributing to the decision to waive certain commitments under the TRIPS Agreement. [06:34] Patrick explains the enabling functions of IP protections. [09:22] The mindset shift around IP that is required. [10:25] Why Patrick believes the TRIPS waiver is unnecessary. [14:13] Patrick’s thoughts on the proposed broadening of the TRIPS waiver. [16:35] The negative effects that a broadening of the TRIPS waiver will likely have on the innovation industry. [19:23] Driving forces behind the push to expand the TRIPS waiver. [20:19] The reason that IP rights exist. [21:34] Why the Biden Administration supported the TRIPS waiver and where it stands on the proposed expansion. [24:53] How the AUTM community can prevent the expansion of the TRIPS waiver.Resources:Patrick Kilbride on LinkedIn

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